Re <<corporate and government sponsored IP theft>> serious problem, and sometimes they do it with lawyers and the jury courts, and above all, they do it with money for lawyers.
unclear there is a solution that would enable more flourishing IP rollout
issue crops up a lot, and each time nauseating
Speaking of knowhow crackdown, against BTC, China seems to be doing a fair job, essentially forcing miners to decamp China and use electric power of other domains to mine out the remaining BTC resource (perhaps 2+M left in the cyberspace)
Perhaps to be deliberately funny, one miner sent pack to Maryland :0)))) cannot make the stuff up. Now the BTC mining future is on not-China.
finance.yahoo.com
Chinese Logistics Firm Airlifting Bitcoin Mining Machines to Maryland: Report
decrypt.co
Bitmain Suspends Sales of Bitcoin Mining Machine Amid China Crackdown
The Bitcoin mining manufacturer has suspended sales of machines amidst China’s crackdown on the mining industry.
By Scott Chipolina
In brief
- Bitmain Technologies Ltd. has suspended sales of its mining machinery.
- The suspension of sales comes amidst a crackdown on mining in China.
Bitmain Technologies Ltd., one of the industry’s largest Bitcoin mining machine manufacturers, has suspended sales of Bitcoin mining machinery just days after China’s crackdown on the Bitcoin mining industry, per Bloomberg.
Bitmain said yesterday that it has paused selling new equipment following a 75% price drop on mining machinery. A confluence of different factors has reportedly led to this shift. Colin Wu, a crypto journalist in China, has reported that as miners shut down their machines, they are also selling those used machines second-hand, which is also impacting Bitmain’s sales.
It is believed that postponing sales of mining equipment could help miners generate better sales for their machinery as they try to exit the industry.
This is the latest in a long line of blows to the Bitcoin mining industry—which has recently faced a giant challenge in China.
Bitcoin mining and China In the last week, China’s Bitcoin miners have been told to discontinue their operations.
On July 18, Sichuan energy companies were told to stop providing energy to the province’s miners, signaling a blow to the industry similar to what has already been seen in other parts of China, including Inner Mongolia, and Xinjiang.
Bitcoin mining demands an immense amount of energy, and governments and individuals alike are concerned about the industry’s impact on the environment. However, given that China controls approximately two-thirds of the entire world’s mining, the government’s crackdown represents the most immediate threat to Bitcoin’s miners today.
In any case, the crackdown on mining is perhaps not surprising, given China’s commitment to carbon neutrality. And while China wrestles with the mining industry, there is a belief that other countries might stand to benefit.
Kazakhstan might be one of those countries after Chinese mining firm Bit Mining announced it had delivered its first batch of mining equipment to the country in reaction to China’s ban.
Bitcoin mining has also picked up steam in the United States—although the industry has not managed to escape controversy surrounding the environment. Elsewhere in China, the government has targeted crypto activitiesmore broadly. The People’s Bank of China, the country’s central bank, told financial institutions to cease crypto activity. |
